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Finance
17/04/2009
Uzbekistan to attract 17.3m euros from KfW to develop small business
Uzbekistan to attract 17.3m euros from KfW to develop small business
Tashkent, Uzbekistan (UzDaily.com) --
In 2009 the Uzbek government is going to attract loans worth 17.3 million euros from the German bank KfW to loan small business.
A preliminary agreement has been reached on issuing the loans under intergovernmental Uzbek-German agreements on financial cooperation and a programme on supporting the Uzbek financial sector.
There are plans to channel the loans worth 12.3 million euros into financing small business projects, and 5 million euros - into mortgage.
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